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Tuesday, 20 October 2020

Egyptian, Polish officials discuss investment opportunities in Suez Canal Economic Zone

There have been discussions about establishing a Polish industrial zone in the area

Ahram Online , Friday 4 Sep 2020
 Suez Canal
File Photo: Egypt's Suez Canal (Photo:Ahram)
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Egyptian Deputy Foreign Minister for European Affairs Badr Abdel Aati met with Polish officials in Warsaw on Friday to discuss potential investment opportunities in Egypt for the EU country.
 
Abdel Aati told Polish officials, including the deputy foreign ministry for Africa and the Middle East, that Egypt is keen to enhance cooperation with Poland in several fields, including modern technology, information technology, and artificial intelligence.
 
Egyptian Ambassador to Poland Hossam El-Qawish also attended the meeting, according to a statement by the Egyptian foreign ministry.
 
Abdel Aati affirmed the importance of resuming discussions between the two countries to accomplish a cooperation initiative and to ink an MoU between the Suez Canal Economic Zone (SCZone) and Poland's Katowice Special Economic Zone (KSEZ), with the aim of establishing a Polish industrial zone in Egypt.
 
Egypt has been pushing forward with efforts to attract investors to the Suez Canal Economic Zone in recent years, highlighting the available opportunities for foreign corporations.
 
The Polish zone will provide ways to create investment opportunities for Polish companies in the Egyptian market, as well as tapping into the privileges, guarantees and exemptions the Egyptian government awards to foreign investors, Abdel Aati said.
 
Adel Aati also touched upon the significance of the cooperation between Egypt and the Visegrad Group of countries, which includes Poland, Slovakia, Hungary and the Czech Republic.
 
He urged the establishment of an industrial zone for the group's countries in the SCZone, as well as in Egypt’s industrial, investment and free zones, in order to consolidate bilateral cooperation.
 
The meeting also covered the latest developments concerning the long-running dispute over the Grand Ethiopian Renaissance Dam (GERD), which is being built in Ethiopia on the Blue Nile, as well as updates on the situations in Libya and Syria, and on the Palestinian cause.
 
Issues concerning the eastern Mediterranean, illegal immigration, anti-terrorism mechanisms, and human rights were also discussed during the meeting.
 
 
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